D C P Total Solutions Limited - Period Ending 2015-05-31

Registration number: 06917636

D C P Total Solutions Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2015
 

G Broadhead
Accountants
Unit 14
Sharp Street
Dewsbury
West Yorkshire
WF13 1QZ

D C P Total Solutions Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

D C P Total Solutions Limited
(Registration number: 06917636)
Abbreviated Balance Sheet at 31 May 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					8,994			9,735
Current assets
Stocks					1,350			1,250
Debtors					34,803			26,192
Cash at bank and in hand					2,867			6,468
					39,020			33,910
Creditors: Amounts falling due within one year					(43,784)			(38,498)
Net current liabilities					(4,764)			(4,588)
Total assets less current liabilities					4,230			5,147
Creditors: Amounts falling due after more than one year					(2,346)			(4,104)
Net assets					1,884			1,043
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					1,784			943
Shareholders' funds					1,884			1,043

For the year ending 31 May 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 2 September 2015 and signed on its behalf by:

.........................................
Mr David Lowles
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

D C P Total Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Fixtures and fittings	15% reducing balance
Tools and Equipment	20% reducing balance
Office Equipment	33% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

D C P Total Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2014		26,320			26,320
Additions		2,732			2,732
Disposals		(1,450)			(1,450)
At 31 May 2015		27,602			27,602
Depreciation
At 1 June 2014		16,585			16,585
Charge for the year		3,014			3,014
Eliminated on disposals		(991)			(991)
At 31 May 2015		18,608			18,608
Net book value
At 31 May 2015		8,994			8,994
At 31 May 2014		9,735			9,735

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 3